How NFF Syphon 25 Billion Naira In 7 Years
By Our Reporter
A thorough investigation has uncovered that conservatively 25 Billion Naira accrued to the Nigeria Football has been stolen by the leadership of the Nigeria Football Federation (NFF) with audacious impunity.
These monies include grants from FIFA, CAF as well as subvention from the Federal Government, various sponsorship deals, donations, assistance from numerous other Government institutions and agencies and a number of state Governments.
Never in the history of the NFF (founded in 1945) have we witnessed large-scale fraud since 2014 through embezzlement, diversion and total misappropriation of funds.
A rash of dubious schemes have been brought to play to cover this heinous crime with fictitious receipts and narratives and in some instances dirty fights, blackmail and even multiple shameless underhand tactics.
The schemes include but not limited to dubious expenditure on national team matches and even events that never ever happened.
There are weighty and criminal evidence in abundance against the top NFF officials as regards the $2.5 Million FIFA FAP funds released in 2015, the $8.4 Million FIFA paid to Nigeria for the country’s participation at the 2014 World Cup in Brazil as well as $9.5 Million paid for the country taking part in the 2018 World Cup.
It also includes at least $5 Million expected proceeds from more than 24 international friendly matches involving the Super Eagles, six Billion Naira sponsorship monies in 2018 and 2019, 2.2 Billion Naira from the FGN (released in two tranches – 1.5 Billion and 700 Million) from the approved budget for the 2018 World Cup in Russia.
A list of the unaccounted monies by the NFF Executive Committee led by Amaju Pinnick –
2014 World Cup Prize Money 1,848,000, 000
FIFA Assisted Programme (FAP) in 2015 550,000,000
CAF Cash 2015 239,580,000
2018 FIFA World Cup For Preparation 1,080,000,000
CAF Support For 2018 World Cup Teams 360,000,000
2018 Nike World Cup Qualification Bonus 90,000,000
2018 FIFA World Cup Prize Money 3,420,000,000
Donations Raised For 2018 2018 World Cup 1,000,000,000
FGN Releases For 2018 World Cup 2,200,000,000
2018 CHAN Prize Money 252,000,000
2019 Women’s World Cup Preparation Fee 172,000,000
2019 Women’s World Cup Prize Money 360,000,000
2019 AFCON Prize Money 720,000,000
2018&2019 Sponsorship Fees 6,000,000,000
Unremitted Funds From International Friendlies 3,600,000,000
2019 &2020 FIFA Forward Programme Grants 720,000,000
CAF Covid-19 Palliative 180,000,000
FGN Releases For National Teams Qualifiers States Like Akwa Ibom, Edo, Rivers, Delta, Lagos, Cross Rivers, Kaduna Eventually Funded 1,800,000,000
This is the story of how the future of many millions of Nigerian youths has been seriously compromised by wanton greed and corruption by a handful of persons.
– Culled from insideglassshouse.com